Real Estate Investing in Sterling, New York (13156)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13156 (Sterling, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 41.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sterling, NY (13156)?
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Market Analysis: 13156 Sterling
Not every below-median market is a bargain. Sterling's 13156 ZIP registers signals that favor experienced operators who can absorb the risk $237K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $237K asset, 13156 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 13156 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 13156 includes headwinds that any investor should price in. Income distribution skews lower than Sterling averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Sterling:
Property Strategy for 13156
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,916 | $1,290 | 4.5% | +9.4% | $103,458 |
| 3BR | $239,867 | $1,550 | 4.7% | +8.9% | $79,956 |
| 4BR | $288,892 | $1,710 | 4.3% | +9.6% | $72,223 |
Market Trends
Home Value History (with trend line)
📊 How Does 13156 Compare?
| Metric | 13156 | Sterling | Auburn, NY | New York |
|---|---|---|---|---|
| Home Value | $236,673 | $236,673 | N/A | $505,608 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.6% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13156 (Sterling, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,673 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13156
Population: 2,108
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Sterling, NY a good place for real estate investing?
The 3.0/5 investability rating in Sterling, NY reflects its $237K prices and $1,161/mo rents. Investors generally consider it a solid option within NY.
What is the best play in Sterling, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Sterling, NY. The numbers - $237K homes against $1,161/mo rents - support that play.
What monthly rent should investors expect in Sterling, NY?
Sterling, NY rentals go for roughly $1,161/mo a month. That puts gross yield in solid territory relative to $237K acquisition costs.
Is Sterling, NY good for house hacking?
Sterling, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,161/mo rent level.
How strong is the working-renter base in Sterling, NY?
Sterling, NY offers a stable renter base at the $1,161/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 13156 now. You don’t know where it ranks.
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How 13156 ranks in Auburn, NY
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